/biz/ - Business & Finance

To explain it better:
I put filter on google finance with different PE ratios, div yields etc (although these are just guesses, im not sure which ratios to put in to reveal steady, long term attractive stocks) and then im trying to gather information to answer pic related

>>1736089
My system usually goes
-Between 4 and 16 pe ratio
-buy rating by at least 1 broker
-must turn a profit, minimum 1 million
-must be increasing gross earnings by 1% annually

I also want to see long term debt and their industry.

Debt is subjective but I avoid REITS, banks, fashion industry and some commodities producing industries, like coal miners are just a few.

If it looks attractive by my own arbitrary standards I research them more in depth for about an hour. I will usually read their 10-k.

>>1736100
as you can tell im still pleb-tier

Is this just one of those things you have to see tens and tens and hundreds and hundreds of examples of, until you learn to see something attractive, like an art? or are there a few fence posts i should set myself before embarking on my journey

>>1736100
Do guys who trade like this not have experience/understanding of specific industries?

I am a pig and I take a position maybe once every two months in a business that I understand and that I can say with confidence is either overbought or oversold.

What is the advantage of holding so many positions and trading so often unless you have a giant DWave quant figuring out the market for you?

I was up over 40% last year with many of my positions more than doubling.

>>1736107
Yeah, I dunno, because I can trim my list down to a few companies, after that I just basically think 'No, banks are shit' or 'Oh this mite be gud' and then research them.

If I research them and decide they're not that great I'll move on. The list usually isn't that long especially when I exclude certain industries. I certainly have not researched thousands of companies.

>>1736109
I dont think the idea is to hold so many positions, its just to filter out personally attractive investments from others.

Im not really looking at a short term trading strategy, because I dont have expert knowledge in any particular sector yet, though i am tired of losing to inflation with the rest of the general public

>>1736112
Do you have a finance background?

Which tools are you using?

>>1736118
No, I'm just a retail investor, but I read alot. I do okay.

I use the Nasdaq's website's screener because it's free and mostly up to date. I make up for it's deficiencies when I research them more in depth, usually their last quarterly earnings report or 10-k off the company's website says everything I need to know.

For example if I see that a company's shares are mostly held by their primary clients or by weird shell companies that are owned by the company themselves I know they will be thinly traded like a semi-private company and that's no good unless it's a dividend stock. Sometimes these undervalued stocks are undervalued for a reason.

I will also look them up on other websites to see if I can get a price target consensus. If there is a nice gap it usually makes me feel better about the stock.

I have to reiterate I avoid a lot of companies simply because of their industry, I expect a stock crash sometime soon and I don't like certain industries I know shit the bed during bear markets (banks, reits, consumer discretionary) and I like industries I know are currently shitting the bed (grocery stores, agbusiness, biotech).

The latter is why I look hard at their gross profit and their debt load. If they go bankrupt before the industry recovers you've fucked up.

>>1736109
That sounds good. Having confidence that is tied to understanding is fantastic. 40% returns are great too.

just buy penny stocks what have exceptional high volume. Volume is activity. When the stock price is at it's lows, wait until it start to be bullish and go all in.

>>1736089
>thinking that you can do better than math and finance PhDs from MIT and Harvard with supercomputers at their disposal
The delusion of this board never ceases to amaze me.

>>1737073
Thinking the world; or stocks for that matter are a zero sum game.

Your attitude is so defeatist; it makes me laugh.

its like saying; Ronaldo and Messi exist, you could never play soccer, enjoy it, and score goals. They score every game, they even go on television for the golden ball hurdur! you could never accomplish anything with your 'leather ball'

finviz.com has some ok free scanners for different TA patterns and obv all the stupid stats